Tax Agent ConsultationPenrith Tax and Business Accountant

Maximise your Refund - Minimise your Tax

A Grade Tax - Experts in Penrith Tax Returns, Business and Personal Accounting, Tax Agent Penrith

  • Evenings & Saturday appointments available.
  • Conveniently located opposite Penrith RSL Club.
  • Taxation & accounting support for Personal & Business clients
  • Small business tax specialist in the Penrith region.

The principal of A Grade Tax is Max Connelly. Max has a unique blend of over 30 years of experience in Taxation, Commercial Management Accounting and Business Management.

Tax Bonus Payment

Sun, 10/05/2009 - 7:47pm — A Grade Tax

Tax bonus payment



Below is a brief guideline regarding the Government’s tax bonus payments:

  • If your 2007-08 taxable income was up to and including $80,000 the bonus is $900
  • If your income exceeded $80,000 but did not exceed $90,000 the bonus is $600
  • If your income exceeded $90,000 but did not exceed $100,000 the bonus is $250.

Fuel Tax Credit rate change

Sun, 10/05/2009 - 7:34pm — A Grade Tax

There has been a change to the fuel tax credit rate for fuel used in heavy vehicles travelling on a public road. The rate to use when calculating claims will depend on when the fuel was acquired. This means:

  • For fuel acquired from 1 January 2009 use the new rate of 17.143 cents per litre
  • For fuel acquired before 1 January 2009 use the old rate of 18.51 cents per litre.

30% Investment Allowance

Sun, 10/05/2009 - 7:24pm — A Grade Tax

The Government has issued a new $4.7bn economic package to stimulate business investment and encourage capital expenditure.


As part of this the Government has introduced the following ‘capital investment allowances’ in relation to ‘depreciable assets’ (plant, equipment and motor vehicles) acquired between 13 December 2008 and 30 June 2009. To be eligible the assets must be ‘installed ready for use’ by 30 June 2010. This means:

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